Disney Officially Makes Theirs Marvel

The wait is over. Disney and Marvel are finally flying high above Agrabah on the wings of corporate love.

Marvel announced that its shareholders have approved Disney's $4.3 billion purchase of the company and things are rolling forward:

"Marvel Entertainment, Inc. (NYSE: MVL), a global character-based entertainment and licensing company founded in 1939, announced that at a special meeting held this morning, Marvel stockholders approved the adoption of the Agreement and Plan of Merger entered into by Marvel and The Walt Disney Company ("Disney"), which provides for a merger in which Marvel will become a wholly-owned subsidiary of Disney. Marvel anticipates that the merger, which, based on the closing price of Disney's common stock on December 30, 2009, has an estimated value of approximately $4.3 billion, will be completed today after the close of the market."

Personally I'm too busy making New Year's Eve plans to let this sink in right now, but it's exciting to consider whether or not fans should "Be Prepared" for "A Whole New World" in 2010.

Okay, I'm going to stop before I hate myself.

Filed Under: corporate mergers, CorporateMergers

Categories: Marvel, News